Why its important to use a financial advisor
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Services
Short-Term Insurance
Our offering includes Personal Lines, Commercial Lines and Niche products.
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Investments
We help you to make your money work for you in creating wealth anticipating change
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Estate Planning
For all your Wills, Trusts and Administration of Estates, we can assist you.
Learn MoreAbout
We are an innovative Financial Services Provider and Insurance Broker with over a 3 decades of experience.
Licensed with the Financial Sector Conduct Authority (FSCA) and offer specialist financial advisory services to individuals and SMME’s.
Bornman Financial is a fully independent Financial Services Provider and only underwrites through
South Africa's leading Insurance Companies and Underwriting Managers.
Service excellence is at the heart of Bornman Financial, it underpin everything we do and is the reason we pride ourselves by exceeding expectations.
We have a refined Client Service delivery model. One that’s up to date with the times.
We offer OMNI-Channel client interactions allowing clients to interact via the channels they want to use. These preferences may change depending on location, internet availability, process and time. (Email, Tel, Whatsapp, Zoom, Facebook, Microsoft teams etc.)
Our aim is to ensure that ALL clients, no matter their technical abilities or time constraints will receive service.
Our dedicated Claim and Underwriting Department will assist with all your servicing needs, great turnaround times and updates daily.
All Departments have a designated Manager that oversee every client service request, investment update, amendment or claim. We do annual reviews on all the policies to ensure that the premium is still market related. We also do recommendations to ensure that you are aware of the any new products that could benefit you as well as new requirements on your portfolio.
Bornman Financial has a wealth of knowledge in the Financial and Insurance industry, and we would be able to add value should we be appointed.
Insurance Cover is something you buy as a RISK Management Tool but hope you never need. Should that need arise, it needs to be handled efficiently, with sufficient skill.
We at Bornman Financial pride ourselves of having all the necessary qualities to manage your account. Every portfolio has very specific needs and you need a partner to work with you to ensure that the interests of your portfolio is looked after.
We would appreciate the opportunity to be of service to you and give you the service that will alleviate the frustrations that can accompany insurance dealings.
We pride ourselves on uncompromising Standard of Service and this ethos is at the heart of our success.
We follow a holistic approach, and, in our advice, all your wants and needs must be aligned to ensure maximum effectiveness as well as correct advice.
We relentlessly pursue Excellence.
Our values are centered around YOU, your needs, your family, our staff and their families!
Best Advice I Best Service I Best Value
Licensed with the Financial Sector Conduct Authority (FSCA) and offer specialist financial advisory services to individuals and SMME’s.
Bornman Financial is a fully independent Financial Services Provider and only underwrites through
South Africa's leading Insurance Companies and Underwriting Managers.
Service excellence is at the heart of Bornman Financial, it underpin everything we do and is the reason we pride ourselves by exceeding expectations.
We have a refined Client Service delivery model. One that’s up to date with the times.
We offer OMNI-Channel client interactions allowing clients to interact via the channels they want to use. These preferences may change depending on location, internet availability, process and time. (Email, Tel, Whatsapp, Zoom, Facebook, Microsoft teams etc.)
Our aim is to ensure that ALL clients, no matter their technical abilities or time constraints will receive service.
Our dedicated Claim and Underwriting Department will assist with all your servicing needs, great turnaround times and updates daily.
All Departments have a designated Manager that oversee every client service request, investment update, amendment or claim. We do annual reviews on all the policies to ensure that the premium is still market related. We also do recommendations to ensure that you are aware of the any new products that could benefit you as well as new requirements on your portfolio.
Bornman Financial has a wealth of knowledge in the Financial and Insurance industry, and we would be able to add value should we be appointed.
Insurance Cover is something you buy as a RISK Management Tool but hope you never need. Should that need arise, it needs to be handled efficiently, with sufficient skill.
We at Bornman Financial pride ourselves of having all the necessary qualities to manage your account. Every portfolio has very specific needs and you need a partner to work with you to ensure that the interests of your portfolio is looked after.
We would appreciate the opportunity to be of service to you and give you the service that will alleviate the frustrations that can accompany insurance dealings.
We pride ourselves on uncompromising Standard of Service and this ethos is at the heart of our success.
We follow a holistic approach, and, in our advice, all your wants and needs must be aligned to ensure maximum effectiveness as well as correct advice.
We relentlessly pursue Excellence.
Our values are centered around YOU, your needs, your family, our staff and their families!
Best Advice I Best Service I Best Value
Founder
JOHANN BORNMAN
FOUNDER
Johann started his career in 1981 where he became a manager before 30. He then transitioned to independent financial and insurance advice. In 1991 Bornman Financial was born.
Blog
F.A.Q
When to begin estate planning and how often should you revise your plan?
Estate planning should take place at least once a year or if there is any changes to your circumstances. This means sitting down and reviewing the previous plan to make any alterations based on income growth or asset acquisitions, changes to you marriage status or regime, changes to your heirs like additional kids, weddings or even passing of a heir etc.
I have an older car whose current value is very low – do I really need to have insurance?
The long and short it yes, even though the vehicle is old and the value has depreciated, you still need third party liability insurance, It is often the case that the cost of repairing the damages to an older car is greater than its value. Parts are scares and in most cases its a write off, but the 3rd parties vehicle might be new and the cost to repair might be very high.
Third party property and or a person might be involved and this could lead to very expensive settlements if you are found to be liable.
Third party property and or a person might be involved and this could lead to very expensive settlements if you are found to be liable.
The difference between savings and investments ?
A savings is typically no-risk. You earn interest on the money you save; your initial capital is guaranteed and it’s more easily accessible if and when you need it., like saving towards a holiday for a specific purpose within a short period of time.
Investments are aimed at wealth building.
They involve greater risk, but also have the potential for higher returns than a regular savings instrument.
Investing is the process of using your money to buy an asset that has a good probability of generating an acceptable rate of return over time, making you wealthier in the long-term.
It makes sense to have a well-diversified portfolio that helps spread your risk – as well as the potential to deliver returns – across a wide range of investment classes. Some examples include stocks, bonds, unit trusts and direct investment in property or other assets.
Investments are aimed at wealth building.
They involve greater risk, but also have the potential for higher returns than a regular savings instrument.
Investing is the process of using your money to buy an asset that has a good probability of generating an acceptable rate of return over time, making you wealthier in the long-term.
It makes sense to have a well-diversified portfolio that helps spread your risk – as well as the potential to deliver returns – across a wide range of investment classes. Some examples include stocks, bonds, unit trusts and direct investment in property or other assets.
How many life insurance policies can I have in South Africa?
A South African resident may be insured through a group life insurance policy, as well as their own individual life cover policy.
Whilst multiple life insurance policies can be held, an
insurable interest needs to exist. An insurable interest means you can justify the amount of life cover you are applying for.
Multiple claims can be made on life insurance policies on a South African. Beneficiaries of the deceased person can make a claim for the death benefit on each of the life insurance policies that the individual holds.
However, some local South African insurance companies may reduce the payout if the deceased person is holding more than one life policy from a different insurer. It is important to check if your insurer will reduce your life cover if you have several life policies.
Whilst multiple life insurance policies can be held, an
insurable interest needs to exist. An insurable interest means you can justify the amount of life cover you are applying for.
Multiple claims can be made on life insurance policies on a South African. Beneficiaries of the deceased person can make a claim for the death benefit on each of the life insurance policies that the individual holds.
However, some local South African insurance companies may reduce the payout if the deceased person is holding more than one life policy from a different insurer. It is important to check if your insurer will reduce your life cover if you have several life policies.
How do I know which benefit option to select on my medical aid?
It is essential that you obtain the rules of the scheme or a summary thereof to verify all information relevant to enable you to make an informed choice. Talk to your broker and disclose to him your needs.
Ensure that you understand how the benefit options operate and select according to your healthcare needs and what you can afford.
Ensure that you understand how the benefit options operate and select according to your healthcare needs and what you can afford.
What is a late joiner penalty in medical aid?
It is a penalty by way of additional contributions, imposed on persons joining a scheme late in life i.e. an applicant who is 35 years of age or older who was not a member of one or more medical schemes as from a date preceding 01 April 2001 without a break in coverage exceeding three consecutive months since 01 April 2001.
Difference between a tied and independent advisor?
An independent advisor is not directly affiliated with any insurance company, investment firm or product house, nor are they incentivised in any way to recommend any specific products or investment.
A tied advisor is directly affiliated with a specific company or product house and will be incentive's by recommending their products only.
Your advisor must disclose whether they are independent or tied, and it is normally disclosed in their introductory letter.
The benefit of an independent advisor is that they may recommend a broad range of products and offer various options for you to choose from.
It demonstrates that they are independently working for you and that their advice will not be affected by any industry associations.
A tied advisor is directly affiliated with a specific company or product house and will be incentive's by recommending their products only.
Your advisor must disclose whether they are independent or tied, and it is normally disclosed in their introductory letter.
The benefit of an independent advisor is that they may recommend a broad range of products and offer various options for you to choose from.
It demonstrates that they are independently working for you and that their advice will not be affected by any industry associations.
Contact
- 42 Smith Street, Aliwal North, South Africa
- Bornmanhouse
- 0516341108
- jb@bornman.financial
- 8:00 to 13:00 14:00 to 17:00
BORNMAN FINANCIAL CC Registered Financial Services Provider - FSP No: 7404 Close Corporation reg no: 1991/014235/23 Member: Two Sons Investment Trust: IT 1174/2005 Represented by Key Individual: JG Bornman Compliance officer: Moonstone